| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 40th | Fair |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 316 Ausley Rd, Tallahassee, FL, 32304, US |
| Region / Metro | Tallahassee |
| Year of Construction | 1996 |
| Units | 44 |
| Transaction Date | 2017-01-01 |
| Transaction Price | $2,600,100 |
| Buyer | AUSLEY ROAD LLC |
| Seller | MSCI 2006 HQ9 316 326 AUSLEY ROAD LLC |
316 Ausley Rd, Tallahassee FL Multifamily Opportunity
Positioned in an inner-suburb pocket with deep renter concentration, the asset benefits from steady neighborhood-level demand and service-oriented amenities, according to WDSuite’s CRE market data. The core takeaway for investors is consistent renter depth that can support leasing, with pricing set against a value-oriented local context.
The property sits in an Inner Suburb of Tallahassee rated B+ at the neighborhood level, competitive among Tallahassee neighborhoods (ranked 48 of 143). Local amenities skew toward daily-needs retail: grocery access ranks near the top of the metro (5 of 143) and is stronger than most neighborhoods nationwide, while restaurants are reasonably available. Parks, pharmacies, and cafes are limited in the immediate area, a factor to consider for lifestyle-driven leasing.
Renter-occupied housing is the dominant tenure here. The neighborhood’s renter concentration is high (ranked 7 of 143), indicating a large and durable tenant base for multifamily. Within a 3-mile radius, renters account for roughly three-quarters of occupied units, reinforcing depth of demand. Neighborhood occupancy trends have been relatively steady in recent years; however, the current level sits below many national peers, suggesting management focus on lease retention and targeted marketing will matter for stability.
Vintage matters: the average construction year in the neighborhood is 1979, while this property was built in 1996. The newer vintage relative to nearby stock can enhance competitiveness versus older assets; investors should still evaluate systems and finishes for modernization to capture value-add upside and support rent positioning.
Demographic indicators within a 3-mile radius show population growth over the past five years and an increase in household counts, pointing to a larger tenant base and ongoing renter pool expansion. Forecasts to 2028 indicate further gains in households and incomes, which can support rent growth and occupancy. At the same time, median home values in the neighborhood are lower than many U.S. areas, which can introduce some competition from ownership options. Balancing that, rent-to-income metrics point to some affordability pressure for renters, so prudent lease management remains important. These dynamics align with findings from WDSuite’s commercial real estate analysis of similar inner-suburb submarkets.
Safety conditions are mixed relative to the metro and nation. At the neighborhood level, the area ranks 76 out of 143 Tallahassee neighborhoods for overall crime, indicating it is below the metro median. Compared with neighborhoods nationwide, safety sits in a lower percentile tier, though recent trends show modest year-over-year declines in both property and violent offense rates, which is a constructive directional signal.
Investors should assess property-level measures (lighting, access control, visibility) and consider how neighborhood safety perceptions may influence leasing velocity and tenant retention. As always, verify current conditions and trend direction with on-the-ground diligence.
This 44-unit asset, built in 1996, competes favorably against older nearby stock and serves a renter-heavy neighborhood that supports a deep tenant base. Neighborhood-level NOI per unit trends are strong for the metro cohort, and daily-needs retail access is solid, helping support leasing convenience. According to CRE market data from WDSuite, the surrounding neighborhood shows steady renter demand with occupancy stability at the neighborhood level, though investors should underwrite to local affordability dynamics.
Within a 3-mile radius, population and households have increased and are projected to grow further, supporting renter pool expansion and potential for sustained occupancy. The ownership market is relatively more accessible than in many U.S. locations, introducing some competition from homebuying, while rent-to-income ratios suggest tenants may be price sensitive — reinforcing the case for disciplined rent setting and value-add improvements targeted to durability and retention.
- Newer vintage (1996) than local average, offering competitive positioning versus older stock with targeted modernization potential.
- Renter-occupied concentration supports a deep tenant base and leasing resilience at the neighborhood level.
- Daily-needs amenities (notably grocery) enhance livability and support retention and leasing convenience.
- Demographic growth within 3 miles points to a larger renter pool and supports occupancy stability over time.
- Risks: below-median metro safety ranking, affordability pressure (higher rent-to-income), and potential competition from relatively accessible ownership options.